Overall earnings increase from £142m in 2018 to £248m in 2019, H1 2019 results show
Zurich UK today announced its half-year results for the period which ended 30 June 2019. Its overall earnings are up 74% to £248m from £142m in 2018 and its combined ratio (CR) improved to 85.6% from 95.5%. While general insurance business operating profit (BOP) is up 144% in H1 2019 - to £185m from £76m same time last year - life and savings BOP (£63m) is slightly lower than the £67m reported in 2018. Life and savings annualised premium equivalent (APR) H1 results show an 8% decrease on the previous year - £172m compared to £187m - but new business value (NBV) for life (£30m) is u...
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